Aqubix, whose product KYC Portal was featured in The Business Observer on January 26, has been swamped by requests for demonstrations following managing director Kristoff Zammit Ciantar’s presentation to 1,500 delegates at Finovate Europe in London.

Finovate is the largest showcase of innovative technology for the fintech industry, attracting banks and financial service providers.

“We have a visit booked to an international bank based in Brussels in a few weeks’ time and we have demos booked with banks and insurance companies in Germany, the Netherlands, Belgium, Thailand, UK and US. It went fantastically well!” he told The Business Observer on his return. After his seven-minute demo, Aqubix had people queueing at its booth from noon till 6pm – long after most of the other exhibitors had dismantled their stand.

“We were batching interested parties together as an open discussion to reach as many people as possible... We have some very interesting world-renowned names lined up for demos both over Skype and at their offices,” he said.

The company is already taking measures to upscale to be able to handle the possible orders.

Aqubix developed KYC Portal last year to deal with the ever-increasing compliance demands. It has three unique features which makes its approach much more holistic and automates the risk-assessment process. The first is its ability to create organigrams – showing the complex relationships across entities – of, say, 200 links in just 10 seconds.

The second feature is the ability to interview your subjects through the system, recording the interview in real time within the system, and with facial recognition.

The third innovation is that compliance is usually done at jurisdiction level, but companies that operate across borders can use KYCP’s ‘global dashboard’, which enables the head office to monitor activity across these different jurisdictions – in real time.